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Sep 25, 2012
09/12
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but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in the "a" block from the obama campaign just now. we can say why do they do it that way? >> bob: oh, this one. sorry. >> kimberly: the interview, we don't have time to show the thought of it. but the biggest disappointment depends on the audience. if it's univision, it's immigration. if it's "60 minutes" it's i can't change the tone in washington. but this just in. first picture of president obama and mrs. obama in the taping of "the view" today. you got to love that. >> bob: nice picture. >> kimberly: coming up. did they have ambassador stevens on the hit list before he was killed in libya? the ambassador thought so.
but we added $5 trillion in new debt to the deficit. for every dollar we spent $3.5 or $4. of debt. the average spending is $7.5. we are borrowing $4. for every buck we spend. the solution, perfect -- for every dollar we are spending $7.5 bucks. >> bob: $5.5 is on taxes democrat is bad math. >> dana: today, david axelrod said president obama doesn't need a plan for that. >> bob: it's a mistake to say that, to say you don't have a plan. >> dana: there are four mistakes in...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 25, 2012
09/12
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if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our amba
if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal...
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Sep 25, 2012
09/12
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president barack obama: i'm pledging to cut the deficit -- >>> romney's worth $200 million. >>> the president's doing a mediocre job. >>> governor romney cares about big business. >>> real job growth cut the debt. >>> i had no healthcare. >>> -- to the highest corporate bidders -- >>> if you're a super pac, empowered by the supreme court's citizens united decision to take unlimited donations, you're supposed to make your donors public. and you're not supposed to coordinate your efforts with the candidate but the are ways to get around both requirements and to hide those campaign mega-dollars. instead of calling yourself a super pac you become a "social welfare" group. that's right, a "social welfare" group, and the irs designates you a 501 c) (4) non-profit. these are sucking up more and more of the big money precisely because their donors can remain secret. and just to add insult to injury, they're tax exempt. by the way, "the washington post's" chris cillizza reports that pro-romney outside groups have paid for three out of four of the ads supporting him in this election cycle while probama o
president barack obama: i'm pledging to cut the deficit -- >>> romney's worth $200 million. >>> the president's doing a mediocre job. >>> governor romney cares about big business. >>> real job growth cut the debt. >>> i had no healthcare. >>> -- to the highest corporate bidders -- >>> if you're a super pac, empowered by the supreme court's citizens united decision to take unlimited donations, you're supposed to make your donors...
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Sep 25, 2012
09/12
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so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are also at their lowest. but the one thing that the democrats have not done, we haven't walked away from the table. we haven't pointed fingers and said it's their fault. we're all in this together. it's time republicans roll up their sleeves and come to the table so we can fix this problem and solve our many other great challenges before the end of the year and the american people can get back to work. that's what they desire us to do. >> i think both of these presidential candidates are gearing up for their one presidential debate in oc
so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are...
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Sep 25, 2012
09/12
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. >> so you don't buy the idea that everybody gets a tax cut, it's deficit neutral and we'll figure out the details later. i think that's basically the problem in a nutshell for the romney campaign and it's part of the reason why you have others starting to panic publicly and it's this. the central element of the romney campaign was that economic anxiety among swing voters was going to be so high they were going to have the attitude we just want to vote the incumbent out. they looked at president obama in 2012 and they said we've got the same thing this year. we need to be a generic protest vehicle. we need to be as inoffensive and nonspecific as possible to swing voters. that strategy is good for 45, 46, 47% of the vote. it has not gotten them higher all year. there's no reason to think that that strategy alone is going to left them over the top. now you've got republicans that are starting to pan he can e romney has choices, he can start saying something more affirmative but if he wants to appeal to swing veeters, he's going to irritate his base. or he's going to alienate the swing vo
. >> so you don't buy the idea that everybody gets a tax cut, it's deficit neutral and we'll figure out the details later. i think that's basically the problem in a nutshell for the romney campaign and it's part of the reason why you have others starting to panic publicly and it's this. the central element of the romney campaign was that economic anxiety among swing voters was going to be so high they were going to have the attitude we just want to vote the incumbent out. they looked at...
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Sep 25, 2012
09/12
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>> well, look, you're right the main focus is the economy, deficit, jobs prosperity, the affordable care act, these will dominate the landscape but i find this interesting. on 9/10, the day before this all happened, gallup was 50-44. excuse me this morning it is 48-46 in gallup. jon: 48% for the president and 46% for romney. >> in rasmussen was 48-45. now it is 47-46. there is a little bit of tightening. in august nbc "wall street journal" had the president's approval on foreign affairs is 54-40. the latest one is 49-46. the president has not come across as a strong leader on the world stage. he has come across as a politician. it was his own fault. imagine what happened on 9/12 i will not go to las vegas for campaign event. first time since 1979 an ambassador of the united states has been murdered i will sit down with intelligence agencies to meet and discuss what needs to be done to get back at jihadists and get people who did this and not only that, further damage the networks that brought that about. instead he got on airplane to give a rally at high school and collect a bunch of che
>> well, look, you're right the main focus is the economy, deficit, jobs prosperity, the affordable care act, these will dominate the landscape but i find this interesting. on 9/10, the day before this all happened, gallup was 50-44. excuse me this morning it is 48-46 in gallup. jon: 48% for the president and 46% for romney. >> in rasmussen was 48-45. now it is 47-46. there is a little bit of tightening. in august nbc "wall street journal" had the president's approval on...
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Sep 25, 2012
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we're in a $16 trillion deficit, unemployment remains over 8%. these are the things that matter to the american people above all else. that's the message governor romney needs to stay on. >> yeah, but doesn't he need a policy and a plan? i mean, doesn't he sound stupid himself saying it's the economy, stupid, but i'm not going to give you a plan of what i'm going to dough abo about the ec until after i get in? i mean, i understand the slogan is, it's the economy, stupid, but we're not that stupid. >> obviously, that's an old coined term. >> yeah, i got it. >> but this tape, i think it was taken out of context. has it been damaging? i can't sit here and say this tape was good for the romney campaign but statistically it doesn't seem to have as great an impact as the media was saying. i think it was a mistake and taken out of context and i think the american public has to decide if it matters to them or not. >> tad, let me explain to you what joe biden said in virginia today as he took on romney on this 47%. look at this. >> he attacks 47% of the a
we're in a $16 trillion deficit, unemployment remains over 8%. these are the things that matter to the american people above all else. that's the message governor romney needs to stay on. >> yeah, but doesn't he need a policy and a plan? i mean, doesn't he sound stupid himself saying it's the economy, stupid, but i'm not going to give you a plan of what i'm going to dough abo about the ec until after i get in? i mean, i understand the slogan is, it's the economy, stupid, but we're not...
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in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into washington came under president bush when he lowered the capital gains tax. now, mary katharine, am i misguided here? am i misstating something here? >> no. i think you are right. i mean, barack obama is proposing through and he has through the buffet deal before that we should basically jack up the capital gains tax which would discourage investment. >> bill: you are disagreeing with juan. >> and furthermore barack obama was asked about this in a debate with hillary clinton in 2008 where the moderator said it has been shown tax revenue goes up when the capital gains rate is lower. isn't that something you would be okay with?
in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into...
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Sep 25, 2012
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pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising taxes on people in the middle income group. that's the problem. >> do you think this election -- the president has said that change has to come from outside rather than in washington, that this election has the possibility of producing a change that will be able to overcome gridlock. >> i don't think it not only as a possibility, i think it almost certainly will. and let me explain why. i think the president's going to win. but let's assume governor romney won. if he wins, that almost certainly means the republicans will hold on to the huse and it will be about 50/50 in the senate, more or less the way it is now
pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising...
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Sep 25, 2012
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pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising taxes on people in the middle income group. that's the problem. >> do you think this election -- the president has said that change has to come from outside rather than in washington, that this election has the possibility of producing a change that will be able to overcome gridlock. >> i don't think it not only as a possibility, i think it almost certainly will. and let me explain why. i think the president's going to win. but let's assume governor romney won. if he wins, that almost certainly means the republicans will hold on to the huse and it will be about 50/50 in the senate, more or less the way it is now
pay less because he would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising...